ST New Materials: Plans to Buy Blue Star Andy Su Equity Want to Restructure

July 8, Blue Star Chemical New Materials Co., Ltd(ST New Materials) issued a major asset restructuring extension announcement, the company's plan for this major matter is initially drawn up as follows: the company intends to issue shares to the controlling shareholder China Blue Star Group to purchase its holding of Blue Star Andisu Nutrition Group Co., Ltd., thereby enhancing the company's core competitiveness and enhance the company's continued profitability9eR
The company said that because the major asset restructuring matters involve large assets, and the transaction target assets are located outside the country, related to audit, evaluation and other related work procedures are relatively complex, involving the need for foreign lawyers to cooperate with the implementation of legal matters, while the company and controlling shareholders need to major asset restructuring program related matters to the relevant State Council SASAC, Ministry of Commerce and other policy advice and work communication, restructuring program still needs to further demonstrate and communicate, difficult to complete the relevant work within the original time limitIn view of this, the company's shares cannot be re-branded as scheduledThe Company's Shares will continue to be suspended for no more than 30 days from July 8, 2014 in accordance with the provisions of the Material Asset Reorganization9eR
Blue Star Chemical New Materials Co., Ltd., Blue Star Materials has always been committed to the development of China's chemical new materials, has become China's silicone, bpol A, special epoxy resin, color developers, PPE engineering plastics the largest manufacturerIn April 2014, the stock code was changed from "Blue Star New Material" to "ST New Material", which was due to three consecutive years of losses, indicating a special treatment of the risk of de-listing9eR
Blue Star AndesU Nutrition Group Co., Ltd., in 2006 became a wholly owned subsidiary of China Blue Star Group, has developed into a global leader in nutritional feed additives, the main products are methionine, vitamins, enzymes, ruminant animal products and sulfur products, in France, Spain and China has a leading process and cost advantage of the production baseThe company had planned to list in Hong Kong in the fourth quarter of 2010, but eventually shelved its recruitment plans, and then there were rumours of a re-listing, but this was not achieved9eRJuly 8, Blue Star Chemical New Materials Co., Ltd (ST New Materials) issued a major asset restructuring extension announcement, the company's plan for this major matter is initially drawn up as follows: the Company intends to issue shares to the controlling shareholder China Blue Star Group to purchase its holding of Blue Star Andy Su Nutrition Group Co., Ltd 9eR
　　The company said that because the major asset restructuring matters involve large assets, and the transaction target assets are located outside the country, related to audit, evaluation and other related work procedures are relatively complex, involving the need for foreign lawyers to cooperate with the implementation of legal matters, while the company and controlling shareholders need to major asset restructuring program related matters to the relevant State Council SASAC, Ministry of Commerce and other policy advice and work communication, restructuring program still needs to further demonstrate and communicate, difficult to complete the relevant work within the original time limit In view of this, the company's shares cannot be re-branded as scheduled The Company's Shares will continue to be suspended for no more than 30 days from July 8, 2014 in accordance with the provisions of the Material Asset Reorganization 9eR
　　Blue Star Chemical New Materials Co., Ltd., Blue Star Materials has always been committed to the development of China's chemical new materials, has become China's silicone, bpol A, special epoxy resin, color developers, PPE engineering plastics the largest manufacturer In April 2014, the stock code was changed from "Blue Star New Material" to "ST New Material", which was due to three consecutive years of losses, indicating a special treatment of the risk of de-listing 9eR
　　Blue Star AndesU Nutrition Group Co., Ltd., in 2006 became a wholly owned subsidiary of China Blue Star Group, has developed into a global leader in nutritional feed additives, the main products are methionine, vitamins, enzymes, ruminant animal products and sulfur products, in France, Spain and China has a leading process and cost advantage of the production base The company had planned to list in Hong Kong in the fourth quarter of 2010, but eventually shelved its recruitment plans, and then there were rumours of a re-listing, but this was not achieved 9eR
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